Open Banking Payments
Simple, frictionless, and a secure process for your customers.
Pay360's Open Banking payments solution drives real benefit and tangible outcomes to your organisation and for your customer.
Making a difference to your business
How do Open Banking Payments work?
Payment is sent directly from the customer's bank account, using their existing mobile banking app or online bank account.
Financial data is protected. The customer doesn't need to share their bank account details with the merchant, sign up or download a new app in order to pay. Payment is authorised entirely within their familiar, convenient, secure and trusted banking option.
Payments by Open Banking
Using Open Banking payment initiation means there is no card data processed in the payment, meaning all payments are made outside of PCI DSS scope, which reduces or removes your compliance overheads.
Monetise your digital transformation
Within the UK, there are
active users of open banking payments
At the end of 2021, over
open banking payments were made
An adoption growth of
was achieved in the last two years
Open Banking payments in August 2022
Within the UK
Use online banking
An average growth of nearly
is expected between now and 2024
Are you ready to experience the power of seamless online payments?
Let’s get started
Fill in the enquiry form today to discuss your needs with our advisors.
- Significant cost savings
- Safe and secure transactions
- Easy integration
- Step-by-step guidance to drive adoption